The markets traded mixed during the midday with the Dow losing 39 points to 20,880. Nasdaq added 2 points to 6,118.
Fiat Chrysler is recalling more than 1.25 million Ram pickup trucks to fix a software error that may lead to airbag and seatbelt failure during rollover crashes. One death and two injuries may have been caused by a problem in the coding. The recall affects model years 2013-2016 Ram 1500 and 2500 pickups and model years 2014-2016 Ram 3500 pickups.
Spotify plans to list directly on the New York Stock Exchange in late 2017 or early 2018 when it goes public. The decision to direct list will save the music streaming service from paying fees to investment banks that traditionally underwrite initial public offerings. The Swedish company is currently valued at approximately $13 billion.
A judge has ruled that Waymo's lawsuit against Uber for theft of trade secrets and patent infringement will move forward in court. Uber had argued that the case should go to private arbitration where neither the press and nor the public would be in attendance. The U.S. Attorney will decide whether or not to conduct a criminal investigation into Uber's actions.
The broader S&P 500 lost 5 points to 2,388. Bitcoin tumbled $53 to $1748.
